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Tag Archives: technology

New Technology = New International Business Opportunities

In today’s world, the old saying “money talks” is truer than ever. But sometimes it really isn’t that easy to understand.

International business opportunities have long been hindered by language barriers. When people and platforms struggle to communicate, it is no surprise that they can’t do business with each other.

Thankfully, this problem is being solved more and more by machine-based translation programs that are becoming sophisticated enough to enable people around the world to communicate as if they spoke the same language. While translation programs are not (yet) being tracked by economists, they are showing tremendous potential to boost international trade.

E-commerce giant eBay, for example, knows too well that the internet is good at connecting buyers and sellers, but international expansion would be all but impossible if shoppers weren’t able to understand product listings from abroad. So they developed a system that allows shoppers to make search queries in their preferred language and receive translated product listings, while also taking into account the context of a customer’s request.

Sanjeev Katariya, an eBay vice president who focuses on artificial intelligence explains,

“anything that supports cross-border trade so that someone from outside the U.S. is capable of engaging in e-commerce is where the power of global trade lives.”

EBay’s inclusion of machine translation has grown the company’s Latin American exports by nearly 20%, according to researchers from the Massachusetts Institute of Technology, and illustrates the potential for increased commercial activity as translation technologies gain wider adoption in business.

Investors Bring Ethics Into the Spotlight with Open Letter to Apple

It’s not often that business matters intersect so directly with ethical discussions, but activist hedge fund JANA Partners wrote a letter to Apple with the California State Teachers’ Retirement System (Caltstrs) earlier this year asking them to become more directly involved in efforts to protect children from the potentially harmful effects of technology and screen… Continue Reading

Top Technological Developments of the 21st Century

Online shopping has swept people up across the globe, and was recently voted the biggest technological development of the 21st century in Britain. The majority of the world’s retailers offer online shopping opportunities, and other websites such as 6pm.com and overstock.com were created specifically to help people save money while shopping for their favorite brands… Continue Reading

PCs Pushed Aside by Mobile Devices

Intel, a long-time veteran in the personal computer industry, recently surprised analysts by missing their projections. The company’s apparent struggle is yet another sign that the traditional PC is being overshadowed by newer mobile devices such as tablets. Greg Bryant of Reuters.com recently discussed Intel’s approach for 2014:   Continue Reading

Jim Baer on Data-Driven Businesses

Jim Baer, a senior director of Data Science with LinkedIn, recently discussed what he considers the four keys to data-driven business. He explained that data today can and should have a tremendous impact on a company’s success.  Though every business varies, and getting involved in the data world appears a daunting task, companies can benefit… Continue Reading

A New and Improved Siri

Recent reports suggest that Apple may be fixing its iPhone voice-enabled task and search manager by boosting its speed and accuracy. Siri, though loved by many users, is often very slow. Business Insider explains that this is “because your voice commands are being transferred to Siri’s brain, which is online in the cloud, before an… Continue Reading

ShopKeep POS, an iPad Point of Sales

ShopKeep, an iPad POS point of sale system, was developed by business owner Jason Richelson to suit the needs of those standing “behind the counter.” The ShopKeep system helps retailers simplify sales by allowing users to add items, select a payment method, add a gratuity and complete the transaction by tapping on an iPad. Reuters… Continue Reading

Have an Idea? Just Do It!

Nick D’Aloisio, a 17-year-old London schoolboy recently sold his smartphone news app to Yahoo! for $30 million. He advises anyone with a tech idea to just do it, explaining that the money is there, “just waiting for clever new moves.” “If you have a good idea, or you think there’s a gap in the market,… Continue Reading

Why You Should Buy the New Office 365 Home Premium Edition

Microsoft has just released its newest version of Office; Office 365 Home Premium Edition. After using it for several days, Business Insider discussed the seven reasons everyone should purchase it. The first is that it is a good value. “Office 365 includes Word, Excel, PowerPoint, Access, Publisher, OneNote and Outlook. The Home Premium version costs… Continue Reading

Apple Wins Yet Another Tech Emmy Award

The National Academy of Television Arts just granted Apple a Tech Emmy Award at CES 2013. The iPhone maker is one of the leading technology companies in the world. According to Forbes, Apple’s latest award is for an “eco-system for Real Time Presentation of TV Content to Mobile Devices without the use of Specialized Television… Continue Reading